Rules & Regulations Archives

Restrictions against Kotak Mahindra Bank

Reserve Bank of India takes Supervisory Action against Kotak Mahindra Limited u/s 35-A of Banking Regulation Act, 1949

RBI directed Kotak Mahindra Bank to “cease and desist” the onboarding of new customers through its online and banking channels

Legislation Updates Rules & Regulations

Delhi High Court issues “e-True Copy Rules of the High Court of Delhi, 2024”

Delhi High Court issues rule applicable to electronic applications made for obtaining e-True copy.

Insurance Regulatory and Development Authority of India

Legislation Updates Rules & Regulations

IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024

The regulations apply to insurers including those engaged in reinsurance business.

Legislation Updates Rules & Regulations

Toshakhana Rules 2024, notified; Applicable on the gifts received by the Government functionaries from foreign sources

The gifts received by Government functionaries from foreign sources will be kept in Toshakhana.

Legislation Updates Rules & Regulations

IRDAI (Insurance Products) Regulations, 2024

These regulations protect the interest of policyholders by enabling insurers to adopt good governance while designing and pricing the products.

Legislation Updates Rules & Regulations

Chapter relating to Adjudication of Penalties and Appeals introduced vide Patents (Second Amendment) Rules, 2024

Communications done under this Chapter should be in electronic form only.

ministry of environment, forest and climate change

Legislation Updates Rules & Regulations

MOEF revises provisions relating to plastic packaging and commodities made from compostable plastics or biodegradable plastics

Definitions of “importer”, “manufacturer” and “producer” revised.

Legislation Updates Rules & Regulations

Provision for Grace Period and Certificate of Inventorship introduced vide Patent (Amendment) Rules, 2024

Duplicate certificate of inventorship can be issued by Controller on conditions.

Legislation Updates Rules & Regulations

SEBI introduces Small and Medium REITS vide SEBI (REIT) (Amendment) Regulations, 2024

SEBI increases the ambit of the definition of REIT.

Legislation Updates Rules & Regulations

SEBI mandates Registration of Index Providers vide SEBI (Index Providers) Regulations, 2024

Certificate of Registration will be unless cancelled or suspended by the Board.

Legislation Updates Notifications Rules & Regulations

Citizenship (Amendment) Rules, 2024, notified

The Citizenship (Amendment) Act, 2019 (‘CAA’) received the President’s assent on 12-12-2019 and came into force on 10-01-2020.

Legislation Updates Rules & Regulations

CCI notifies Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024

CCI issues guidelines to bring transparency in method of calculating penalties.

Legislation Updates Rules & Regulations

PFRDA decreases turnaround time for grievance redressal to 21 days

On expiration of turnaround time, complainant can file appeal with the Ombudsman.

Electricity (Rights of Consumers) Rules 2020

Legislation Updates Rules & Regulations

Ministry of Power reduces maximum time limit for granting new connections and modifying existing connections

Separate connection can be provided by Distribution Licensee for charging of Electric Vehicles.

Legislation Updates Rules & Regulations

Labour Ministry increases Expenditure limit of contracts which need prior sanction of Standing Commitee to Rs. 25 crores

Ministry of Labour and Employment notified the Employees’ State Insurance (Central) Amendment Rules, 2024.

Legislation Updates Rules & Regulations

MoHFW allows One Donor Gamete for undergoing Surrogacy subject to medical conditions prescribed by District Medical Board

MoHFW notifies Surrogacy (Regulation) Amendment Rules, 2024 allowing one donor gamete in certain circumstances.

Legislation Updates Rules & Regulations

CCI introduces provision for Lesser Penalty Plus vide CCI (Lesser Penalty) Regulations, 2024

CCI notifies the Competition Commission of India (Lesser Penalty) Regulations, 2024.

Legislation Updates Rules & Regulations

IBBI introduces Monitoring Committe for streamlining implementation of Resolution Plan

IBBI notifies Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2024.

Legislation Updates Rules & Regulations

IBBI excludes assets in a real estate project that have been handed over to the allottee from liquidation process of the company

IBBI notifies Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2024.

PFRDA Central Recordkeeping Agency Regulations

Legislation Updates Rules & Regulations

Governance and operational standards of Central Recordkeeping Agencies enhanced vide PFRDA (Central Recordkeeping Agency) (Amendment) Regulations, 2023

On 9-2-2024, the Pension Fund Regulatory and Development Authority (‘PFRDA’) notified the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Amendment)